South Northamptonshire saw the biggest percentage increase of new start-ups from 2016 levels, with 142.6% more businesses being started in 2017, while Torbay (101.5%), Richmondshire (60.7%) and Kingston upon Hull (52.1%) were also some of the regional areas bitten by the entrepreneurial bug.

Disappointingly, the total number of new start-ups in the UK dropped by more than 10% compared to 2016 levels – with 589,008 new businesses setting up shop in 2017, compared to 657,790 in 2016 – the first drop in business launches since 2010.

As part of the initiative, alongside some well-known ambassadors, Startups will pool its resources and networks to give business owners the tools they need to be their own boss – all they have to do is pledge that they will start a business in 2018.

Speaking about Birmingham’s small business sector, Andy Street, mayor for the West Midlands Combined Authority, said:

“Recent successes with the Commonwealth Games and Coventry City of Culture demonstrate the confidence and excitement in our region and these record numbers of start-ups created last year reinforce the view that this is our time.

“It’s never been more important to focus on driving growth in our great regions, and Birmingham is leading the way with more small businesses being created than any other regional city.

“With the West Midlands fighting to attract Channel 4 to our region, successes like this – which are heavily based on our strengths in the digital and creative industries – will help our case significantly.”

Ian Ward, Birmingham City council leader, added:

“Birmingham is once again creating more businesses than any city outside the capital, cementing our status as one of Britain’s most innovative cities.

“Through dedicated support for entrepreneurs and small firms, more start-ups are being created than ever before, and record numbers of businesses and people are choosing Birmingham as their home.

“This has not happened by coincidence and is the result of years of hard work to create the perfect environment for skilled entrepreneurs, who are provided with world-class accelerator schemes, affordable office space and access to a global market.

“These statistics just go to show that Birmingham is the perfect place for people with a good idea to succeed.”

“It comes as no surprise that Birmingham has maintained its position as the UK’s leading regional start-up destination for the fifth year in a row. It is testament to the city’s hard-working nature, entrepreneurial spirit and vibrant support networks that Birmingham continues to come out on top.

“The GBSLEP Growth Hub provides a single point of contact for growing companies that are looking for advice and funding – so they can expand, innovate, recruit and ultimately fulfil their potential.

“Since it launched in 2015, the Growth Hub has helped 500 start-ups across Greater Birmingham and Solihull, which has created over 400 jobs and supported the area’s ongoing transformation.

“From creative to tech, professional services to retail, vibrant start-ups are helping to further cement the region’s reputation as a hotbed for industry and innovation.”